The event on the occasion of opening of the ASEC was attended by President of CJSC Azerbaijan Airlines Jahangir Askerov, French Ambassador to Azerbaijan Aurelia Bouchez, Director of Azeraeronavigation (AZANS) Air Traffic Control Department Farkhan Guliyev, First Vice President of Thales International Raphael Eskinazi and others.

Qalaa's top-line was also supported by improved performance at ASEC Holding, where a ramp-up in production at Sudan's Al-Takamol Cement along with higher management fees at ASEC Engineering helped drive the cement sector's growth in 3Q17.

Representatives of the consortium -- including Abulla Hussein of Qemmet El-Iraq as well as ASEC Cement Chairman and CEO Giorgio Bodo -- recently attended a signing ceremony in Baghdad with Southern Cement Co, the state holding company that controls Muthanna Cement.

In addition to its expansion into Sudan, ASEC Engineering played a vital role in the turnaround of the Zahana cement plant in Algeria and is currently exploring opportunities in other regional markets.

In a joint venture between two of Citadel's units, ASEC Cement and Taqa Arabia, the project will have a capacity of 42 MW and supply a 1,6-million-ton-per-annum greenfield cement plant near Fahalb, on the west banks of the River Nile.

Al Takamul is the cement manufacturing arm of ASEC Cement Holding Co Egypt, a growing cement production group in the Middle East and Africa created by Citadel Capital and a group of leading regional co-investors.

Danish cement and minerals technology supplier FLSmidth & Co A/S (OMX Copenhagen: FLS) said on Tuesday (8 July) that it has received a contract for two cement production lines from ASEC Algeria Cement Company (AACC), part of the Egyptian group ASEC Cement Holding.

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